Patent Law News
10/29/2009 7:26:58 AM EST
Ecuador to make cheap versions of patented drugs
QUITO, Ecuador – (AP) Foreign pharmaceutical companies accepted on Wednesday Ecuador's decision to bypass patents in order to produce less expensive generic versions of some patented drugs.
President Rafael Correa issued a decree Monday giving Ecuadorean officials the power to grant local laboratories "compulsory licenses" to bypass patents and produce generic versions of designer drugs.
Subscribers to www.lexis.com may read the full version of this article here. Create an account or login to post comments.